IJSSER

Title: DEVELOPMENT OF COMPETITION REGULATION IN VIETNAM
Authors: Nguyen Thi Xuan Trang
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Nguyen Thi Xuan Trang University of Economics, the University of Danang, Danang, Vietnam
MLA 8 Trang, Nguyen Thi Xuan. "DEVELOPMENT OF COMPETITION REGULATION IN VIETNAM." Int. j. of Social Science and Economic Research, vol. 7, no. 6, June 2022, pp. 1447-1457, doi.org/10.46609/IJSSER.2022.v07i06.001. Accessed June 2022. APA 6 Trang, N. (2022, June). DEVELOPMENT OF COMPETITION REGULATION IN VIETNAM. Int. j. of Social Science and Economic Research, 7(6), 1447-1457. Retrieved from https://doi.org/10.46609/IJSSER.2022.v07i06.001 Chicago Trang, Nguyen Thi Xuan. "DEVELOPMENT OF COMPETITION REGULATION IN VIETNAM." Int. j. of Social Science and Economic Research 7, no. 6 (June 2022), 1447-1457. Accessed June, 2022. https://doi.org/10.46609/IJSSER.2022.v07i06.001.
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ABSTRACT: Competition regulations play an important role in the economic development of a country. The purpose of this paper is to study the legal framework relating to competition in Vietnam, a developing country in Asia. The paper firstly presents a general overview of the economic development in Vietnam. After that, Vietnamese Competition Law No. 27/2004/QH11, the first and basic competition regulation in Vietnam, is described in details before listing other competition regulations in this country. Lastly, the paper reviews shortcomings and ambiguities in implementing the Vietnamese Competition Law 2004 from previous researchers and analyzers. It is found that several shortcomings and ambiguities in implementing this regulation were discovered by most researchers and analyzers. This may be understandable because the competition law is not only new in Vietnam but also in other nations in Southeast Asia. However, the shortcomings and ambiguities show a great necessity for Vietnamese Government to amend the Competition Law 2004 in the future. It is proposed that the Government should listen to opinions as well as suggestions from various researchers, analyzers and law consultant companies. At the same time, Vietnamese Competition Administration Agency should strengthen the propaganda of the provisions of the Competition Law and other relevant legal documents so that businesses can avoid unfortunate violations.

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